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In today’s top crypto gainers, each coin offers a unique proposition. Siacoin (SC) stands as a pioneer of decentralized cloud storage. Witnessing a notable surge of 14.71% and boasting a market cap of $856.88M, it offers potential at $0.015141. Meanwhile, Chiliz (CHZ) leads digital engagement in sports with a recent climb of 5.57% and a $1.12B market cap.
On the other hand, Monero (XMR) champions privacy in crypto transactions despite facing regulatory hurdles. With a market cap of $82.36M and a trading price of $124.47, Monero navigates uncertain terrain.
Helium (HNT) disrupts IoT connectivity with its decentralized network, witnessing a remarkable 196% price increase last year. Trading at $9.49 and with a market cap of $1.53B, HNT presents intriguing investment possibilities. Also, Smog, with its equitable launch, thrilling trading dynamics, and unprecedented airdrop, offers potential, making it an enticing investment prospect in the evolving crypto space.
Biggest Crypto Gainers Today – Top List
The cryptocurrency market remains dynamic, with a total market capitalization of $1.97 trillion. The leading cryptocurrency trades at $51,614, reflecting a minor 0.64% decrease in the last 24 hours. Despite this, Bitcoin maintains a dominant market share of 51.47%. Market sentiment appears bullish, with the Fear & Greed Index registering at 78, indicating extreme greed. Notably, Jasmy emerges as today’s top gainer, boasting a remarkable 34.00% gain, while Pixels, the top loser, experiences a notable 16.80% loss.
1. Siacoin (SC)
Siacoin, one of today’s top gainers, is the native utility token for Sia, a decentralized cloud storage platform. Users lease unused storage space through smart contracts, paying with SC. It aims to be the backbone storage layer of the internet, offering secure, trustless storage at a fraction of traditional costs.
Sia encrypts and distributes files across its network, ensuring user control over encryption keys. Files are divided into 30 encrypted segments, stored on unique hosts for redundancy. Transactions and agreements are recorded on its blockchain.
It competes with major cloud providers like Amazon, Google, and Microsoft by leveraging decentralization for competitive rates. Users select storage providers based on preferences, with transactions enforced through blockchain smart contracts.
Performance metrics indicate a price surge of 14.71% in the last 24 hours, with a market capitalization of $856.88M. Investor sentiment is bullish, with an extreme greed index of 78.
🚀 Exciting News from Sia! 🌐
Our February 2024 edition of "The State of Sia" is out, marking another milestone in #decentralized #storage! Dive into the latest enhancements in hostd, renterd, & walletd, and get a sneak peek into the future of Sia. 🛠️💡https://t.co/ACjfghObi2
— Sia Foundation (@Sia__Foundation) February 14, 2024
Over the past year, Siacoin outperformed 87% of the top 100 crypto assets with a 216% price increase. It also outperformed Bitcoin and Ethereum, trading 126.46% above the 200-day SMA at $0.015141. The 14-day RSI suggests neutrality, while the 30-day volatility is 18%, indicating moderate price fluctuations.
Siacoin has a high liquidity, with a volume-to-market cap ratio of 0.0780. This may make it an intriguing investment opportunity for those interested in the decentralized cloud storage sector.
2. Chiliz (CHZ)
Chiliz (CHZ) is a leading digital currency for sports and entertainment, powering the Socios platform. Through Socios, fans can engage in club governance via fan tokens, enhancing fan interaction and unlocking new revenue streams for sports organizations.
Fan tokens are offered on a first-come-first-serve basis at an initial FTO, purchased using the native CHZ token. Fans then utilize these tokens to vote on club decisions, from jersey designs to exhibition game matchups.
Chiliz has formed partnerships with renowned sports entities like FC Barcelona and Manchester City, solidifying its position in the sports industry. However, the most recent Chiliz-K-League alliance is a strategic move into sports. This partnership underscores the increasing convergence of sports and blockchain technology, signaling bullish prospects for CHZ and similar ventures.
We are excited to announce our partnership with The Korea Professional Football League 🏆 🇰🇷
This partnership includes all game-scored balls to be secured and presented to the fans, @kleague becoming a validator of Chiliz Chain, and K-League Fantasy will utilise Chiliz Chain. 🌶️
— Chiliz ($CHZ) – The Sports Blockchain ⚽🏆 (@Chiliz) February 19, 2024
CHZ also exhibits promising performance metrics, with a current price of $0.126285 and a market capitalization of $1.12B. The recent surge of 5.57% in the last 24 hours indicates growing investor interest despite a 13% decrease in price over the past year. However, trading 57.97% above the 200-day SMA and positioned at -1.59% below the cycle high demonstrates resilience and potential for growth. With high liquidity, indicated by a volume-to-market cap ratio of 0.2945, CHZ presents favorable trading conditions.
3. Smog (SMOG)
Since its launch on February 7th, 2024, Smog’s price has steadily risen, drawing attention for its dragon-themed aesthetics and unique fundamentals. Experts anticipate its virality will be boosted by a gamified airdrop, driving its value higher.
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
Described in its whitepaper as a token to reignite the memecoin market, Smog has ambitious goals: a fair launch, a thrilling trading experience, and a historic airdrop. Unlike predecessors like Pepe and Bonk, Smog adopts a mystical tone, adding seriousness to its narrative.
Its fair launch on Jupiter DEX ensured equal opportunity for all to benefit from early price surges. Live trading on a decentralized exchange delivers on its promise of an adventurous trading experience. Furthermore, its gamified airdrop mechanism adds allure, promising participants the largest airdrop in history.
Currently, Smog is priced at $0.063494 per token, with a market cap of $49.46M and a 24-hour trading volume of $472,496.76. Despite a -7.89% dip in the last 24 hours, Smog maintains momentum, with a circulating supply of 779.00M tokens.
4. Monero (XMR)
Monero is a privacy-focused cryptocurrency known for emphasizing anonymity. Unlike Bitcoin and Ethereum, it obscures transaction details, including senders, recipients, and amounts by default. This privacy is achieved through technologies like Ring Confidential Transactions and zero-knowledge proofs.
XMR originated in 2014 as a fork of Bytecoin, with its whitepaper authored by an anonymous figure known as “Nicolas van Saberhagen.” It quickly gained popularity, becoming a leading cryptocurrency in the market. Despite its reputation in the crypto community, it is known for its strong privacy stance. This has led to scrutiny from regulators due to concerns about potential illicit activities.
The current price of Monero is $124.47, with a market capitalization of $82.36M. Despite a recent 2.04% increase, its performance over the past year has decreased by -23%, underperforming both Bitcoin and Ethereum. Monero trades with USD, EUR, INR, and IDR, boasting high liquidity with a volume-to-market cap ratio of 0.0365.
Please withdraw your #Monero from Binance before February 20th.
We strongly recommend that you withdraw your XMR to a self-custody wallet. Make sure to save a secure backup of your mnemonic seeds!
Recommended wallets: https://t.co/j4wV365MSj
— Monero (XMR) (@monero) February 16, 2024
However, recent news of Binance’s delisting of Monero has created uncertainty around its future. While some see this as an opportunity for enhanced privacy and true price discovery, others view it as a challenge to Monero’s resilience. As centralized exchanges follow suit, investors must tread cautiously amid the evolving landscape of privacy coins.
5. Helium (HNT)
Helium operates a decentralized wireless network connecting Internet of Things (IoT) devices via specialized hardware, Helium Hotspots. These hotspots provide network coverage and mine the platform’s native token, HNT.
It offers a practical solution without extravagant promises, catering to IoT device owners and enthusiasts. Network participants can stake HNT to run validator nodes, earn rewards, and participate in governance. The network utilizes a proof-of-coverage consensus algorithm, ensuring reliability even with variable connection quality.
Helium has shown strong performance, with its price rising by 196% last year. It outperformed 86% of the top 100 crypto assets and surpassed Bitcoin and Ethereum in the same period. Its current price is $9.49, with a market cap of $1.53B. HNT has demonstrated significant growth potential by trading 315.14% above the 200-day SMA.
🎈Community, updates are made to web links and creator details associated with NFTs. This has led to modifications in the information for several NFTs.
For the majority, including Hotspot owners and those who utilize this data, there is no immediate need for action.
This…
— Helium🎈 (@helium) February 20, 2024
However, with an RSI of 74.77, indicating overbought conditions, investors should exercise caution. While most of the last 30 trading days were positive, liquidity remains a concern, with a low volume-to-market cap ratio of 0.0067. Still, Helium’s bullish continuation pattern suggests further upward momentum. There are potential rewards upon surpassing the $10 level.
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